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2023 ISD Summary Worksheet
140-Lamb/Lamb County
140-904/Littlefield ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 163,013,815 | 0.8972 | 181,691,724 | 181,691,724 |
| B - MULTIFAMILY | 3,477,870 | N/A | 3,477,870 | 3,477,870 |
| C1 - VACANT LOTS | 1,234,280 | N/A | 1,234,280 | 1,234,280 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 20,341,215 | 1.0895 | 18,669,400 | 18,669,400 |
| D2 - FARM & RANCH IMP | 1,612,120 | N/A | 1,612,120 | 1,612,120 |
| E - NON-AG LAND AND IMPROVEMENTS | 22,611,489 | 0.7398 | 30,564,327 | 30,564,327 |
| F1 - COMMERCIAL REAL | 31,341,745 | 0.9541 | 32,849,539 | 32,849,539 |
| F2 - INDUSTRIAL REAL | 221,622,250 | N/A | 221,622,250 | 221,622,250 |
| G - ALL MINERALS | 5,599,840 | N/A | 5,599,840 | 5,599,840 |
| J - ALL UTILITIES | 47,956,851 | 0.9811 | 48,880,696 | 48,880,696 |
| L1 - COMMERCIAL PERSONAL | 13,802,300 | N/A | 13,802,300 | 13,802,300 |
| L2 - INDUSTRIAL PERSONAL | 48,995,200 | N/A | 48,995,200 | 48,995,200 |
| M1 - MOBILE HOMES | 2,227,260 | N/A | 2,227,260 | 2,227,260 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 5,670 | N/A | 5,670 | 5,670 |
| S - SPECIAL INVENTORY | 2,149,110 | N/A | 2,149,110 | 2,149,110 |
| Subtotal | 585,991,015 | 0 | 613,381,586 | 613,381,586 |
| Less Total Deductions | 305,061,267 | 0 | 311,659,393 | 311,659,393 |
| Total Taxable Value | 280,929,748 | 0 | 301,722,193 | 301,722,193 |
The taxable values shown here will not match the values reported by your appraisal district
See the ISD DEDUCTION Report for a breakdown of deduction values
Government code subsections 403.302(J) AND(K) require the Comptroller to certify alternative measures of school district wealth.These measures are reported for taxable values for maintenance and operation(M & O) tax purposes and for interest and sinking fund(I & S) tax purposes.For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.
VALUE TAXABLE FOR M&O PURPOSES
| Measure | Value | Description |
|---|---|---|
| T1 | 330,310,851 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 301,722,193 | School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T3 | 330,310,851 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 301,722,193 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 351,700,851 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 365,960,851 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 306,285,610 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 508,616,451 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 480,027,793 | School district taxable value for i&s purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T9 | 508,616,451 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 480,027,793 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 530,006,451 | T13 plus the loss to the chapter 313 agreement |
| T16 | 544,266,451 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 484,591,210 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 28,588,658 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 21,390,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 14,260,000 | Loss to Second Previous Homestead Increase |
THE PVS FOUND YOUR LOCAL VALUE TO BE INVALID, AND STATE VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS INELIGIBLE FOR GRACE
140-904-02/Littlefield ISD
| Category | Local Tax Roll Value | 2023 WTD Mean Ratio | 2023 PTAD Value Estimate | 2023 Value Assigned |
|---|---|---|---|---|
| A - SINGLE-FAMILY | 163,013,815 | 0.8972 | 181,691,724 | 181,691,724 |
| B - MULTIFAMILY | 3,477,870 | N/A | 3,477,870 | 3,477,870 |
| C1 - VACANT LOTS | 1,234,280 | N/A | 1,234,280 | 1,234,280 |
| C2 - COLONIA LOTS | 0 | N/A | 0 | 0 |
| D1 ACRES - QUALIFIED OPEN-SPACE LAND | 20,341,215 | 1.0895 | 18,669,400 | 18,669,400 |
| D2 - FARM & RANCH IMP | 1,612,120 | N/A | 1,612,120 | 1,612,120 |
| E - NON-AG LAND AND IMPROVEMENTS | 22,611,489 | 0.7398 | 30,564,327 | 30,564,327 |
| F1 - COMMERCIAL REAL | 31,341,745 | 0.9541 | 32,849,539 | 32,849,539 |
| F2 - INDUSTRIAL REAL | 221,622,250 | N/A | 221,622,250 | 221,622,250 |
| G - ALL MINERALS | 5,599,840 | N/A | 5,599,840 | 5,599,840 |
| J - ALL UTILITIES | 47,956,851 | 0.9811 | 48,880,696 | 48,880,696 |
| L1 - COMMERCIAL PERSONAL | 13,802,300 | N/A | 13,802,300 | 13,802,300 |
| L2 - INDUSTRIAL PERSONAL | 48,995,200 | N/A | 48,995,200 | 48,995,200 |
| M1 - MOBILE HOMES | 2,227,260 | N/A | 2,227,260 | 2,227,260 |
| N - INTANGIBLE PERSONAL PROPERTY | 0 | N/A | 0 | 0 |
| O - RESIDENTIAL INVENTORY | 5,670 | N/A | 5,670 | 5,670 |
| S - SPECIAL INVENTORY | 2,149,110 | N/A | 2,149,110 | 2,149,110 |
| Subtotal | 585,991,015 | 613,381,586 | 613,381,586 | |
| Less Total Deductions | 305,061,267 | 311,659,393 | 311,659,393 | |
| Total Taxable Value | 280,929,748 | 301,722,193 | 301,722,193 |
The taxable values shown here will not match the values reported by your appraisal district
See the ISD DEDUCTION Report for a breakdown of deduction values
Government code subsections 403.302(J) AND(K) require the Comptroller to certify alternative measures of school district wealth.These measures are reported for taxable values for maintenance and operation(M & O) tax purposes and for interest and sinking fund(I & S) tax purposes.For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.
VALUE TAXABLE FOR M&O PURPOSES
| Measure | Value | Description |
|---|---|---|
| T1 | 330,310,851 | School district taxable value for M&O purposes before the loss to the increase in the state-mandated homestead exemption |
| T2 | 301,722,193 | School district taxable value for M&O purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T3 | 330,310,851 | T1 minus 50% of the loss to the local optional percentage homestead exemption |
| T4 | 301,722,193 | T2 minus 50% of the loss to the local optional percentage homestead exemption |
| T13 | 351,700,851 | T-1 plus the cost of the second most recent increase for that pvs year in the mandatory homestead exemptions |
| T15 | 365,960,851 | T-13 Plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T17 | 306,285,610 | School district taxable value for M & O purposes after the loss to the increase in the state-mandated homestead exemption and based on the compressed freeze loss |
VALUE TAXABLE FOR I&S PURPOSES
| Measure | Value | Description |
|---|---|---|
| T7 | 508,616,451 | School district taxable value for i&s purposes before the loss to the increase in the state-mandated homestead exemption |
| T8 | 480,027,793 | School district taxable value for i&s purposes after the loss to the increase in the state-mandated homestead exemption and the tax ceiling reduction |
| T9 | 508,616,451 | T7 minus 50% of the loss to the local optional percentage homestead exemption |
| T10 | 480,027,793 | T8 minus 50% of the loss to the local optional percentage homestead exemption |
| T14 | 530,006,451 | T13 plus the loss to the chapter 313 agreement |
| T16 | 544,266,451 | T-1 plus the cost of the second most recent increase for that PVS year in the mandatory homestead exemptions |
| T18 | 484,591,210 | T17 plus the loss to the chapter 313 agreement |
MISCELLANEOUS LOSS AMOUNTS
| Measure | Value | Description |
|---|---|---|
| LOSS_INCR_HMSTD | 28,588,658 | Loss to the increase in the state-mandated homestead |
| LOSS_LOCL_HMSTD | 0 | 50% of the loss to the local optional percentage homestead exemption |
| LOSS_PREV_INCR_HMSTD | 21,390,000 | Loss to the previous increase in the state-mandated homestead |
| LOSS_SCND_INCR_HMSTD | 14,260,000 | Loss to Second Previous Homestead Increase |